ELEMENTS TECHNOLOGY LIMITED

ELEMENTS TECHNOLOGY LIMITED
Contents Page
For the year ended 31 December 2024

Statement of financial position	1
Notes to the financial statements	2

ELEMENTS TECHNOLOGY LIMITED
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	1,051	1,402
		1,051	1,402
Current assets
Debtors		459,365	178,056
Cash at bank and in hand		186,082	449,412
		645,447	627,468
Creditors: amount falling due within one year		(13,639)	(12,598)
Net current assets		631,808	614,870

Total assets less current liabilities		632,859	616,272
Net assets		632,859	616,272

Capital and reserves
Called up share capital	4	400	400
Profit and loss account		632,459	615,872
Shareholders' funds		632,859	616,272

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 19 September 2025 and were signed by:

-------------------------------
Vishal GUPTA
Director

1

ELEMENTS TECHNOLOGY LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

ELEMENTS TECHNOLOGY LIMITED is a private company, limited by shares, registered in , registration number 09306896, registration address 27 Barnhill, Pinner, Pinner, Middlesex, HA5 2SY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

3.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 January 2024	8,629	8,629
Additions	-	-
Disposals	-	-
At 31 December 2024	8,629	8,629
Depreciation
At 01 January 2024	7,227	7,227
Charge for year	351	351
On disposals	-	-
At 31 December 2024	7,578	7,578
Net book values
Closing balance as at 31 December 2024	1,051	1,051
Opening balance as at 01 January 2024	1,402	1,402

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
400 Class A shares of £1.00 each	400		400
	400		400

2

Registered Number: 09306896

ELEMENTS TECHNOLOGY LIMITED

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024